SERVAL TRIPLES VALUATION TO $3 BILLION AS BUSINESSES ADOPT AI WORKFLOW AUTOMATION

Summary from the TLDR IT newsletter

Serval raised $150 million in a Sequoia-led round at a $3 billion valuation, tripling its valuation since December. The company builds AI agents for IT operations, including employee access management, troubleshooting, and software and hardware asset management. Serval positions its platform as an alternative to established IT service management products such as ServiceNow, with permissions and approvals controlled by IT and security teams.